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amanpaulbhogal

Aussie Long set up on daily chart

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
amanpaulbhogal  
FX:AUDUSD   Australian Dollar / U.S. Dollar
lowtest-bar support Parallel Channel 20ema-rejection 618 Fibonacci Retracement stochastic-convergence rsi-convergence
4
0
lowtest-bar support parallelchannel 20ema-rejection 618fibonacciretracement stochastic-convergence rsi-convergence
Confluence of factors supporting long trade:

- recent uptrend (HHs and HLs);
- bullish low test close;
- 20 mean bounce/rejection;
- support at ~0.7800;
- 0.618 Fibonacci level rejection and close above; and
- RSI and Stochastic convergence.

entry - above today's high
stop loss - below today's low
target - most recent swing high and above
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